Bajel Projects FY26 PAT Jumps 74% to ₹27 Cr; Recommends Maiden Dividend
Bajel Projects reported FY26 PAT of ₹27 Cr, up 74% YoY, on revenue of ₹2,792 Cr. Q4 FY26 PAT surged 226% to ₹16 Cr. The company recommended its maiden dividend of ₹0.60 per share. Key wins include MSETCL order (₹400 Cr+), Mandsaur (₹100-200 Cr), Vindhyachal Pool (₹400 Cr+), and a Saudi Arabia JV.
The announcement includes strong financial performance with substantial profit growth, the recommendation of a maiden dividend, and significant new order wins and international expansion, all of which are material events for investors.
The company reported strong financial results with significant year-on-year growth in revenue and profit, alongside landmark order wins and strategic partnerships. The recommendation of a maiden dividend further underscores a positive outlook.
Bajel Projects Limited announced its audited financial results for the fourth quarter and the financial year ended March 31, 2026. The company reported its strongest annual performance since listing, with standalone revenue from operations of ₹2,792 crores for FY26, a 7% growth over the previous year. Profit Before Tax and Exceptional Items for FY26 stood at ₹42 crores, a 73% increase from ₹24 crores in the previous year. Profit After Tax for FY26 rose to ₹27 crores from ₹15 crores, marking a 74% year-on-year growth.
For the fourth quarter of FY26, standalone revenue from operations increased by 26% to ₹1,008 crores from ₹801 crores in Q4 FY25. Profit Before Tax and Exceptional Items for the quarter grew by 193% to ₹19 crores from ₹6 crores in the corresponding quarter of the previous year. Profit After Tax surged by 226% to ₹16 crores from ₹5 crores.
EBITDA for the full year FY26 grew 38% year-on-year to ₹125 crores from ₹90 crores in the previous year, with EBITDA margin expanding to 4.4% from 3.4% in FY25. The company also reaffirmed its CRISIL A/Stable and CRISIL A1 ratings in December 2025.
In line with this performance, the Board of Directors has recommended a dividend of ₹0.60 per equity share (30% payout) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.
Key order wins during the fourth quarter include an ultra-mega order (₹400 Cr+) from MSETCL, the Mandsaur transmission project (₹100 Cr – ₹200 Cr), and the Vindhyachal Pool order (₹400 Cr+). The company also signed a tripartite arrangement with NIIF and AnantGrid for power transmission asset development and entered a 50:50 joint venture with Al Sharif Group to pursue opportunities in Saudi Arabia.
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Bajel Projects Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajel Projects Limited. Read the original for the full detail.